Curriculum 101
What is product management?
Definition: "Product management is an organizational function that guides every step of a products lifecycle- from development to positioning and pricing- by focusing on the product and its customers first and foremost"
“This early version of a product includes only core features to validate assumptions with users before full development.”
MVP (Minimum Viable Product)
This document is used by PMs to clearly communicate feature goals, user needs, and requirements to engineering and design teams.
Answer: Product Requirements Document (PRD)
This framework stands for Reach, Impact, Confidence, Effort.
RICE
A short, time-boxed development cycle in Agile is called this.
Sprint
Product management is at the intersection of which 3 key areas?
User Experience (UX), technology & Business
“When a PM conducts interviews or observes users to uncover pain points and motivations, what key skill are they applying?”
user empathy
Which section of a PRD would you reference to justify to stakeholders why building a new feature solves a user problem?
Problem statement / background
What does MoSCoW stand for?
This prioritization method uses Must have, Should have, Could have, Won’t have.
This meeting is held daily to sync the team.
Daily Standup
Which tool is used by product managers to plan a product lifecycle that is also a shared source of truth?
Product Roadmaps
“When mapping all touchpoints a user has with your product, from discovery to final action, what is this called?”
user journey
If a PM wants to know whether the feature increases retention or engagement, which PRD section should they look at?
Metrics / success criteria
“In a scoring framework, you want to estimate feature adoption across your user base. Which RICE component helps you do this?”
Reach
This Agile artifact lists all work items.
Product backlog
This concept means building, measuring, and learning quickly.
Iteration
“To decide whether to build a feature, a PM formulates a ______, which will later be tested. Fill in the blank
Hypothesis
“Where in a PRD would you detail the user flows, functional requirements, or stories describing exactly how the feature works?”
A PM is scoring a feature using RICE. The feature has the following scores:
Question: What is the RICE score?
4*3*4/4 = 12
This role is responsible for maximizing product value in Agile teams.
Product Owner
Describe Nidhi's product project.
+100 if you can describe the product project that won that year.
Crampus - help students find study spots on Campus.
“You are a PM at Spotify. Data shows that users skip 40% of recommended playlists. You want to improve engagement. What's the first thing you do to test why users are skipping?
Conduct user research / gather qualitative insights
A PM needs to ensure that the engineers know how to build, designers know how to design, and the business knows why. Which three groups does a PRD align?”
You are a PM at Netflix and have two feature ideas:
Watch Party
-Reach (R/5): 4
-Impact (I/5): 3
-Confidence (C/5): 4
-Effort (E/5): 3
Personalized Trailers
-Reach (R/5): 3
-Impact (I/5): 5
-Confidence (C/5): 5
-Effort (E/5): 4
Name 1 of the 12 principles of Agile Methodology.